Sentences with phrase «say over their pensions»

Teachers have no more say over their pensions than the typical voter does.

Not exact matches

To that point, 92 percent of the 3,500 - plus readers who had taken our survey as of Dec. 4 said they would not roll over their 401 (k) funds into a company pension plan.

When I said that the cult of equity was dying, what I meant was that those investors and those liabilities structures such as pension funds and insurance companies that have depended on a 6.5 % constant real return from stocks such as we've have had over the past century are bound to be disappointed.

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

Finance Minister Jim Flaherty is describing an expanded Canada Pension Plan as a «payroll tax,» but says he can see how such a move would benefit Canadians over the long term.

I was managing pension fund equities in 1987 and I will always vividly remember Black Monday, as I stood in the trading room, reading the DJ news wire, and my trader said she was seeing NO bids at the opening bell, and over a third of the S&P 500 stocks were not even trading at 10:30 while other stocks were off 20 % + with bid - ask spreads as large as the Grand Canyon.

The rule is long — running over 1,000 pages — and complicated, but «doable» for financial advisors, says Marcia Wagner, managing director of the Wagner Law Group, a Boston law firm specializing in employee benefits and pension law.

Commenting on the Welsh teaching union's decision to strike on October 5 over pension changes, Christine Blower, General Secretary of the National Union of Teachers, the largest teachers» union, said this:

«While we welcome the decision to end the arbitrary retirement age, raising the state pension age over this short timescale is clearly driven by a desire to cut spending rather than a planned approach to introducing more flexible retirement,» he said.

The PCS union said ministers had fixed the terms of negotiation over public sector pensions in a way which would seriously undermine the possibility of an agreement being reached.

«The consequence of the long - drawn - out negotiations over the latest reform appears to be little or no long - term saving to the taxpayer or reduction in generosity, on average, of pensions for public service workers,» Carl Emmerson, deputy director of the IFS, said.

New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.

NYC Mayor Bill de Blasio and Comptroller Scott Stringer say the divestment of roughly $ 5 billion in fossil fuel investments out of a total of $ 189 billion over five NYC pension funds is the largest of any municipality in the United States to date.

ALBANY, N.Y. (AP)- The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

The New York state comptroller says the state's public pension fund is nearing $ 207 billion thanks to strong results from financial markets over the past year.

Barney Keller, a spokesman for GOP gubernatorial rival Rick Lazio, said, «The last thing we need in Albany is another liberal Democrat like Steve Levy, who has taken over $ 400,000 in campaign contributions from the very same special interests that are stretching New York's pension system beyond the breaking point.»

«The distractions over there have made it impossible to get some very important initiatives done,» he said, referring to a pension overhaul proposal that has stalled in recent months.

New York City is suing BP over the drop in its stock price after the 2010 Gulf of Mexico oil spill, saying its pension funds lost $ 39 million.

Moira Kelly, chair of the CIOT Scottish Technical Committee, said: «The agreement between the UK and Scottish Governments on the continued operation of pensions relief and Marriage Allowance are both practical and pragmatic and give taxpayers and advisers much needed certainty a little over two weeks before the start of the new tax year.

All four candidates also said they would favor collective bargaining with city employee unions over possibly reducing pension benefits for new employees in order to rein in the budget, rather than a unilateral decision by the city.

Responding to news that the largest unions in the country will ballot for industrial action over pensions, Public and Commercial Services union general secretary Mark Serwotka said:

Paul Cann, director of policy at Help the Aged, said: «Someone who claims pension credit over the phone will in future get council tax benefit and housing benefit as a matter of course, without the need to fill in any forms at all.

What Mr. Silver didn't say: He is trying to keep his taxpayer - financed pension, trying to stay out of prison and trying to forfeit as little cash as possible from the schemes that the federal government says netted him more than $ 5 million over the decades.

Mayor Bill de Blasio unveiled today his solution to the ongoing conflict over pension payouts to cops, firefighters, corrections officers and sanitation workers hurt on the job — but union leaders said they remain unsatisfied.

He spoke out as sources at the civil service PCS union, which joined teachers on strike in June in a row over the Government's pension reforms, said its national executive had agreed to hold another one - day walkout in the autumn.

Last week in a hearing before state lawmakers, Syracuse Mayor Stephanie Miner said pension costs are among those expenditure lines that the city has no control over, and is one of the reasons why the city's financial picture looks bleak.

12.08 Cameron promises says it will be uprated by RPI, and that # 1 billion will be put into pensions over the Parliament.

Assemblyman Goodell did offer rare praise for Democratic Assembly Speaker Carl Heastie over the passage of the pension forfeiture measure, saying he wished, though, it had a broader scope.

State employees would receive no general wage increases for three years and pay more for their pensions and health care benefits under a tentative deal with Gov. Dannel P. Malloy that would save the state more than $ 1.5 billion over the next two years, officials said Monday.

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli — who on Thursday said Navnoor Kang was fired over...

In the letter dated 14 July 2017 and signed by SERAP executive director Adetokunbo Mumuni the organization said that, «Public interest is not well served when government officials such as former governors, deputies supplement their emoluments in their current positions with life pensions and emoluments drawn from their states» meagre resources, and thereby prioritising their private or personal interests over and above the greatest happiness of the greatest number.»

Cuomo's has proposed a Tier VI Pension Plan that proponents say would save the state upwards of $ 123 billion over the next 30 years.

The governor called for a new tier in the state pension system that he said will save the state and local governments outside of New York City $ 83 billion and New York City $ 30 billion over the next 30 years.

Speaking as the union meets in Brighton for its annual conference, and a day after delegates voted to ballot a quarter of a million civil and public servants for a strike over cuts to jobs, pensions and pay, Mark said:

The governor admits he's already at odds with the Legislature over redistricting and says his top priority for next year will be pension reform.

The Department for Work and Pensions (DWP) said it would review the committee's recommendations, but said over five million low - earners were already helped by council tax benefit.

The government will remain «very firm» in the face of union strikes over public sector pensions, David Cameron has said.

Commenting on today's announcement that the Government is to bring forward the effective date from which the state pension age will only become payable at 68, Chris Keates, General Secretary of the NASUWT — The Teachers» Union said:, «Over recent years teachers have already faced hugely detrimental changes to their occupational pensions, compounded by year after year of real term cuts to their pay.

Otto Thoresen, Director General, Association of British Insurers, said: «Pension providers are committed to ensuring value for money, transparent pensions — average pension charges have been falling steadily over the last decade and are now at their lowest ever Pension providers are committed to ensuring value for money, transparent pensions — average pension charges have been falling steadily over the last decade and are now at their lowest ever pension charges have been falling steadily over the last decade and are now at their lowest ever levels.

Speaking after today's (27) meeting with ministers over the government's plans to cut public sector pensions, Public and Commercial Services union general secretary Mark Serwotka said.

The ex-state pension official busted in a sex - drugs - and - rock -»n' - roll bribery case completely flew under the radar of state Comptroller Tom DiNapoli, who said Navnoor Kang was fired over his management style, not the alleged corruption.

Mark, who will be among the conference delegates asked to endorse a ballot for a national strike over cuts to jobs, pensions and pay, said: «As a rep I witness firsthand how the government's cuts are affecting people and communities, so as well as cycling I'll be campaigning for the alternative along the way.

Over 100,000 people have signed a petition demanding Iain Duncan Smith live on # 53 a week, after the work and pensions secretary said he would be able to make do on the money.

Claim: The shadow work and pensions minister - who owns 24 houses - claimed over # 100,000 in allowances, the Daily Telegraph said.

As part of the deal to allow a minority private sector stakeholder, the government has said it will take over the Royal Mail's pension fund deficit.

Owen Smith, the shadow work and pension secretary, said: «This report confirms the devastating impact of Tory cuts to universal credit that will leave 2.5 million working families over # 2,100 a year worse off.

The Tory rebel, who resigned as work and pensions minister over the ex-Chancellor's budget, is speaking out publicly against the planned cut to Universal Credit, which he says will cost three million people more than # 1,000 a year each.

As a poll found that 82 % of Tories believed that Miller should lose her job over her expenses, the work and pensions secretary said he was «very open» to a proposal by parliament's expenses watchdog to introduce independent regulation of MPs.

As late as Tuesday, both sides said they were deadlocked over how lucrative the pensions for future union workers should be.

The mayors says they planned meetings with several key legislators to hope to convince them to adopt the governor's plan, though Bloomberg had harsh words for the legislature's policy on pensions over the years, which he called a «charade».